Pason Systems Inc. (TSE:PSI) Senior Officer Bryce Mclean Sells 4,250 Shares of Stock

Pason Systems Inc. (TSE:PSI) Senior Officer Bryce Mclean sold 4,250 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of C$18.00, for a total value of C$76,500.00.

Pason Systems Stock Performance

Shares of PSI stock opened at C$18.43 on Friday. The firm has a market cap of C$1.47 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 10.78 and a beta of 1.70. Pason Systems Inc. has a 52-week low of C$11.03 and a 52-week high of C$18.57. The company has a quick ratio of 3.54, a current ratio of 2.65 and a debt-to-equity ratio of 3.44. The company’s 50 day moving average is C$16.35 and its 200 day moving average is C$15.52.

Pason Systems (TSE:PSI) last announced its quarterly earnings results on Thursday, May 2nd. The company reported C$0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.29 by C$0.58. The business had revenue of C$104.76 million for the quarter, compared to the consensus estimate of C$107.00 million. Pason Systems had a return on equity of 30.12% and a net margin of 34.92%. On average, sell-side analysts anticipate that Pason Systems Inc. will post 1.2097147 EPS for the current fiscal year.

Pason Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.52 annualized dividend and a dividend yield of 2.82%. Pason Systems’s dividend payout ratio (DPR) is presently 31.71%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PSI shares. BMO Capital Markets boosted their target price on shares of Pason Systems from C$18.00 to C$20.00 in a research note on Tuesday, April 23rd. TD Securities raised their price objective on Pason Systems from C$21.00 to C$22.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Pason Systems has an average rating of “Moderate Buy” and a consensus target price of C$18.83.

Pason Systems Company Profile

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.